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For more technical analysis, click TECH/C SINGAPORE, Sept 24 (Reuters) — CBOT December wheat may fall to $6.97-1/2 per bushel, as suggested by a bearish wedge and a projection analysis. The pattern has been confirmed, indicating a further drop toward $6.97-1/2, the 114.6% projection level of a downtrend from $7.43-1/4.
CBOT December wheat (WZ26) may fall to $6.97-1/2 per bushel, as suggested by a bearish wedge and a projection analysis.The pattern has been confirmed, indicating a further drop toward $6.97-1/2, the 114.6% projection level of a downtrend from $7.43-1/4.A break above $7.08-3/4 may lead to a gain int…
CBOT December wheat (WZ26) may test support at $7.03-1/4 per bushel, a break below which may open the way toward the $6.93-3/4 to $6.97-1/2 range.A projection analysis on wave c from $7.43-1/2 reveals a series of levels that still control the current fall. A bearish wedge has been confirmed, sugges…